The Prime Minister Narendra Modi had promised rapid economic development as the central theme of his election campaign. He appeared to have strived for eighteen months to keep his promise through enticing foreign capital to come to India. To facilitate their entry, he had even opened up several sectors including parts of defence for direct foreign investments. Nothing bore fruits as cautious foreign investors could see that power was vested elsewhere and not with him. The powers that did not allow him even to reform the land acquisition act to easily make available land to new industrial units. They could see hands that prevented his drive.

Indian intelligentsia did not see but private investigators did warn their potential investor matters that the democratic structure of India, even though it was subtly transformed into one man rule would not allow them peace needed for their business in future. The Indian academicians missed the meaning of the defeat of the Prime Minister in his bid to win over the other classes in Bihar through his promise of economic development as fruit for the life of deprived classes denied to them for centuries, foreigners could clearly visualize the hands that had snubbed the Prime Minister by manipulating his defeat.

From the Bihar assembly elections, he was forced to accept the role of a defeated soldier in the captivity of his opponents within. It was assumed that his training in disciplines of the Sangh for nearly a decade and half would tell him not to indulge in independent thinking. NaMo was self made person and could not go down without fighting. He also knew that he had no majority even in his parliamentary party with 160 of 282 owing their firm allegiance to the Sangh. But he undertook to pay back in the coin that they publicly preferred. He began breaking the back of the middle class that functions as a spine for every economy world around.

His drastic measure of demonetisation without taking his colleagues in the Cabinet or in the party into confidence and thus stunned even them was first shock delivered. He laced his measure with avowed purpose, philosophy of the Sangh of introducing honesty in business, a fatal blow to financing of terrorist groups and ending fake currency in circulation. No one in party admired but could not speak out as he had given in to maintain hospitality towards Pakistan instead of building bridge of understanding. Yet another blow was to cancel nearly quarter million licenses to small business and industries, a severe blow to the traditional vote bank of the party. Meanwhile his business friends, mostly jewelers from South Gujarat managed to escape from India with borrowed but unpaid huge debts before he would direct banks to take drastic measures to recover their bad debts. Banks had no way to persuade the runaway jewelers with huge debts but they certainly turned their attention to recovery of debts from big and small industries that were contributing the Gross Domestic Product to indicate the acceleration of the Indian economy.

Yuval Noah Harari, professor of history at the Hebrew University says in his book Sapiens that entire economic development of the last two centuries as based on only on element of credit on basis of trust. Large industrial units cannot be built without capital and it can come only from borrowed credits. The previous regime had put the Non Performing Assets at Rs. eight lakh crore, the Prime Minister declared it to be Rs. 52 lakh crore, nearly forty per cent of total deposits of Banks and directed and empowered banks to recover their assets. It also meant in a way that they would not lend in future.

He had promised rapid economic growth and generation of employment opportunities. But in the last 24 months of his five year regime, he had taken measures that would send both his objectives in reverse gear. If the middle class is driven to despair and the corporate world to insolvency where does it lead to? In July 2013 NaMo had said in his address to commerce students in Delhi that India has potential of standing in row along with developed nations as the super economic power. His economic measures though may have political overtones have brought India to a stage where it cannot deliver even the normal economic growth rate.

Majority of giants in the Indian corporate world have put up parts of their established economic empires for sales. It means they are in despair and without hopes of expanding their empires. It certainly was not expectation on which he had got young generation to give him a clear mandate. The Sangh Parivar did not want rapid economic development. It cannot afford people becoming more dependent on manmade means of production and less looking towards nature. It makes religion irrelevant to their life as had happened in Europe and America with rapid economic progress. It would have ended or at least reduced reach of the Sangh. NaMo paid also in their coin. He said in few words, if it is not me, there cannot be any other from among the BJP.

Indications from Karnataka suggest that the BJP stands least chance of winning power in the state. After the shock treatment in Gujarat, the party is preparing for shock treatment in three states under its rule by the year end. The consequence of the ongoing shadow boxing in the internal affairs within the Sangh and its protégée could spell a political disaster. The Sangh has done its best to generate fear psychosis in the electoral constituents that the RSS suspected him of addressing and driving the middle class away from him, he has in turn delivered an incapacitating blow.